PBOC sets USD/CNY reference rate at 7.1889 vs. 7.1893 previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Monday at 7.1889, as compared to the previous day's fix of 7.1893.

Dec 30, 2024

ECB’s Holzmann: Next ECB rate cut could be longer in coming

The European Central Bank (ECB) Governing Council member Robert Holzmann said on Saturday that the next interest rate cut by the ECB could be longer in coming after a recent uptick in inflation, per Reuters.

PBOC Governor Pan: Room for lower rate

People's Bank of China (PBOC) Governor Pan Gongsheng said on Monday that compared to central banks in other major economies, this level still leaves room for monetary policy adjustment.